BEPZA, The meaning is Bangladesh Export Processing Authority. In order to stimulate rapid economic growth of the country, particularly through Industrialization, the government has adopted an 'Open Door Policy' to attract foreign investor to make investment in Bangladesh. The Bangladesh Export Processing Zones Authority (BEPZA) is the official organ of the government to promote, attract and facilitate foreign investment in the Export Processing Zones.
According to the authority of BEPZA - The primary objectives of an EPZ (Export Processing Zone) is to provide special areas where potential investors would find a congenial investment climate, free from cumbersome procedures which is very helpful for the Investors.
An export processing zone (EPZ) is defined as a territorial or economic enclave in which goods may be imported and manufactured and reshipped with a reduction in duties / and/or minimal intervention by custom officials (World Bank 1999).
EPZ Provides:
- Plots/factory BLDG in custom bonded area.
- Infrastructural facilities
- Administrative facilities
- Fiscal and Non-Fiscal incentives
- EPZ attracts Foreign and Local investment
The main Objective of the BEPZA:
- Promotion of Foreign (FDI) and Local investment
- Diversification of Export
- Dev. of backward & forward linkages
- Generation of Employment and up gradation of their skills
- Transfer of Technology
- Development of management
Type: There are three type of Investment according to BEPZA:
- Type A - 100% Foreign Ownership 205 (58%)
- Type B - Joint Venture 49 (14%)
- Type C - 100% Local Venture 98 (28%)
EPZ's in Bangladesh at a glance:
Below is the list of current EPZ (Export Processing Zone) in Bangladesh. For more details please you are requested to visit the portal of BEPZA.
- EPZ-Chittagong
- EPZ-Dhaka
- EPZ-Mongla
- EPZ-Ishwardi
- EPZ-Comilla
- EPZ-Uttara
- EPZ-Adamjee
- EPZ-Karnaphuli
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